Dwindling Russia-China Trade: A Concern for Putin Ahead of Summit

Moscow's trade with Beijing, once at historic highs following Western sanctions, is facing a downturn, President Vladimir Putin aims to reverse this trend before his upcoming meeting with Chinese President Xi Jinping. Russian sources reveal concerns over the slide in trade figures as they prepare for the summit in Tianjin.

In the wake of Moscow's strained relations with Western partners post-Ukraine invasion, China emerged as a savior by boosting trade, setting a record $245 billion in 2024. However, recent Chinese customs data indicates a troubling 8.1% trade decline from January to July 2025, raising alarms in Moscow.

Amidst preparation for the Shanghai Cooperation Organisation summit, key areas such as agriculture and energy are under consideration to enhance trade. Nonetheless, significant challenges remain, such as pipeline agreements and fluctuating military equipment imports, exacerbated by the dynamics of the Russia-China relationship.

(With inputs from agencies.)